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For this week's discussion, come up with and discuss two examples of government intervention in the...

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Economics

For this week's discussion, come up with and discuss twoexamples of government intervention in the economy. One of them hasto be an example that you consider good intervention and the othershould be an example of what you consider bad intervention in theeconomy. There is no right or wrong answer for this one. Please beaware that you should also comment on at least of your classmates'postings, but you must be polite and respectful. Rude anddisrespectful comments will not be tolerated.

Answer & Explanation Solved by verified expert
4.4 Ratings (1067 Votes)
Government intervention in the economy Maximizing Social Welfare In an unregulated inefficient market cartels and other types of organizations can wield monopolistic power raising entry costs and limiting the development of infrastructure Without regulation businesses can produce negative externalities without consequence This all leads to diminished resources stifled innovation and minimized trade and its corresponding benefits Government intervention through regulation can directly address these issues Another example of intervention to promote social welfare involves public    See Answer
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